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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $152.20
- 2 Days on Market
- MLS # : T3280333
- Updated Date : 12/12/2020 at 14:11
CONSTRUCTION
- Beds : 3
- Floor Size : 2,004 sqft
- Baths : 2 full
Listing Agent
Charles Rutenberg Realty Inc
Listing Agent's Description
Spacious 3bd/2ba pool home located in the highly desired neighborhood of Raintree Terrace. This community offers an easy commute to both I-275 & I-75 with quick access to Tampa's popular destinations (Downtown/Channelside, Seminole Heights & New Tampa/Wesley Chapel) not to mention it’s close proximity to USF and all of its numerous dining and shopping options. Situated on a Cul-de-sac across across from a conservation area this home is peaceful and quiet. Multiple living spaces and an expansive screened patio provide the ideal setting for entertaining or enjoying the beautiful Florida weather. Recent upgrades include a new roof (Oct 2020), new wood like tile flooring (2020) and A/C (2013). All this home needs is a new owner so don’t hesitate in seeing this wonderful property today.
SEE MORE
- #8 in America's Fastest Growing Cities (Forbes, 2018)
- Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
- One of the best cost-friendly American cities to do business (KPMG)
- Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
- #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
- 2nd Best City for Young Entrepreneurs (Forbes)
- Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
- Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
PRICE & RENT TRENDS
Neighborhood: Temple Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Temple Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,125 |
| Property Tax | -$362 | |
| Property Insurance | -$152 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$182
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$305,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$86,575
LOAN DETAILS
$1,125
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
9.5
YEARS SAVED
$47,420
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,934
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
6109 E 130th Ave Temple Terrace, FL 2
- 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,950
- $0.97
-
6228 Soaring Ave Temple Terrace, FL 1
- 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1984
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,795
- $0.95
-
11314 Linarbor Pl Temple Terrace, FL 3
- 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1988
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.98
PROPERTY LISTING DETAILS
1.813.766.4194
Charles Rutenberg Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3280333
Last Updated: 12/12/2020
